check the services offered by APKP?
Does it have investment advisory?

http://www.akpk.org.my/services/others/services-faqs


Attached thumbnail(s)

so refer to the services offered as described in the attachment in post# 815

did it state got investment advisory in that attachment?

I personally doubt that there will be refrains.......with a house that cost 1 mil...the renovation would be abt 150~200k minimum just to suit the house value and most probably some of his life's characteristics.
yes, housing is a must, but I could also be a rental too....if wanted to buy make sure it is with in one means and the repayment + cash flow must be sustainable too.
but who knows....maybe he will make it BIG & successful after having been thru the APKP periods during his early years.....but to those that wanted to live life on the financial edge and wanted to show off their financial status they could barely support just to show off to the "JONES"..........GO BIG or GO home or YOLO mentality ....good luck and be happy while it last...

This post has been edited by MUM: Apr 12 2018, 08:38 AM

What happens when those under the AKPK scheme don’t pay the agency on time?

Well, you’d better have a good reason – like you were sick or have been laid off.
Should you be late or lapse on a payment, agents will contact you to find out why.
Reminders will also be mailed out. If all these fail, you will be terminated from the programme.
No, there are no threats of harm or paint-splashing! But once you are taken off the programme, the banks you owe money to will be informed, and you’ll find yourself back on square one.
So, it makes sense to pay as scheduled.

https://www.thestar.com.my/data/archives/20...elp-is-at-hand/

maybe, my agar agar quess is that, the CCRIS, CTOS, related banks, etc, etc...needed time to get the info be updated into their individual systems

googled and found this...hope they are relevant...

DMP (Debt Management Programme) Application Process
https://www.akpk.org.my/content/199-dmp-deb...ication-process

i guess, CPF statement is ok....may to check with them after making an appointment.

if for me...i would not let them know how much i currently have hoarded (hidden)

I got no idea...but ...
In the counselling session, the credit counsellors will assess all of applicants’ income, expenses, loans and credits in order to restructure their debts with an affordable and reasonable monthly installment plan.
If the new monthly installment plan is still unaffordable to the applicants, the credit counsellors will suggest a number of other options for them to pay off their debts.

legal fees/stamp duties may eats into the proceeds too....

googled and found this....

X*A review of the borrower's monthly expenses is done with a view to identify potential savings
Y*All loan/financing facilities and latest loan/financing balances are declared by the borrower
Z*Negotiations take place between AKPK and financial institutions on behalf of the borrower

https://www.akpk.org.my/content/198-debt-ma...t-programme-dmp

thus on your question about....
1. Is it possible I only put personal loan and credit card debt under AKPK?.....i think NOT...(as per Y)
2. My personal loan & credit card debt total are 150K. What is the interest rate and repayment period that AKPK can offers to me?
....i think it is not the jurisdiction of AKPK to set any interest rate or repayment duration...(as per Z)

but i maybe wrong...

googled and found this....

Once you have enrolled as a DMP participant, your payments can be made through these methods:
https://www.akpk.org.my/content/285-payment-methods

while waiting for value added responses.....
may I suggest that you reach out to them....contact them, get 'recorded" communication......
else, later you may get into more troubles for being defaulted on the agreed repayment....

maybe this rate is to ensure that,
the borrower never gains from taking loans then try to go to AKPK to get the rate reduced and also try to extent the duration longer,
the banks are happy that did "will" managed to get back the loaned amount at commercial rate

YES,........
maybe that is why....
A total of 294,000 Malaysians are involved in bankruptcy cases due to their failure to settle hire purchase loans, credit card loans, personal loans, housing loans and social guarantor debts (due to errant debtors) in a year, said the Department of Insolvency director-general Datuk Abdul Rahman Putra Taha today.

https://www.malaymail.com/news/malaysia/201...inister/1465081

get loan first, go travel holidays with credit card,,,,,spend 1st....repayment belakang kira...

This post has been edited by MUM: Mar 8 2019, 09:41 AM

company loan if SDN BHD....is way not same as sole proprietary or personal loan or credit card loan
the liabilities is NOT same

Don’t be duped by agents — AKPK

https://www.akpk.org.my/content/716-don%E2%...-%E2%80%94-akpk

Can a hire-purchase be restructured under the DMP?
Yes, but only hire purchase loans with Bank Islam Malaysia Berhad and Ambank Berhad. A hire-purchased with other financial service provider maybe considered on a case to case basis.

Can a housing loan be restructured under the DMP?
Yes, but only housing loans with Ambank, Bank Islam, Public Bank, RHB, CIMB, Bank Simpanan Nasional (BSN), and Affin Bank can be restructured under DMP. A housing loan with other financial service provided maybe considered on case to case basis.

Can AKPK restructure education loans?
AKPK can only restructure education loans with PTPTN.

Can AKPK restructure loans with company or by licensed money lenders?
No. AKPK can only restructure loans with the participating financial service provider.

more
https://www.akpk.org.my/content/1030-faq-en

while waiting for responses,...
my agar agar thinking is that....due to the confidentiality of that statement...it is best you get them from the banks personally.....I doubt that the banks will release to them.

read post 1789, page 90

see post 1815 & its link?
hopefully that post and its link can provide some answers to your queries.